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to be in the first term. there are parallels to reagan and clinton who had first terms and successful economies for the second terms. are you hoping you are going to get the kind of economic security if not prosperity in this term that will allow you to do the thing that is barack obama when you sailed in on hope and change hoped he could do? >> piers i do believe the economy is ip pron proving. one of the reasons the economy is improving is that it was brave. it was not a popular decision at the time. it was brave to move forward on the recovery act. without that, we would have slid into a second great depression. it was brave to stand up the financial industry when it was on collapse. because he understand that we needed to move the economy forward. and now we are reaping the benefits of that. i believe that gives us a chance to move forward on a series of fronts and further strengthen our economy. we are not losing 800,000 jobs a month anymore. we are gaining them. and that foundation that has been laid it is a foundation on which we can build progress. >> one is i understand that the first
. >> the elections are over. the threats to our economy are not. time to get to work. and there is lots of work to be done. it starts with averting this disaster of our own making. i repeat that. the fiscal cliff. we've got it covered from all angles as only cnn can. christine romans is host of cnn's "your bottom line." david walker spent a decade overseeing the federal government, how it spends your tax dollars as the u.s. comptroller general. today he's the ceo of comeback america and he's a deficit hawk. the ceo of pimco. hisfirm is one of the largest investors of bonds, and steve moore is a conservative, founder of club for growth and a writer at the wall street journal. i'm going to start with you, steven, my good friend. the fiscal cliff is an immediate threat. both parties need to come together to fix it, because not fixing it would set even fiscal conservatives back, don't you agree? >> yeah, and i think other conservatives agree that he don't want to go off this fiscal cliff, either. i think one hangup that will start on tuesday is the president will say, look, i was reelected to raise
economy are not. time to get to work. and there is lots of work to be done. starts with averting the disaster of our own making. i repeat that. the fiscal cliff. we've got it covered frommive angle. christine romans is host of "your bottom line," richard quest of "quest means business," david walker spent a decade oversaeg the federal government, how it spends your tax dollars as the u.s. comptroller general. today he's the ceo of come back america. he's an unapologetic deficit hawk. mohammed al arian is the ceo of pim he could. his firm is the largest investors in bonds. and stephen moore is the founder of the low tax advocacy group club for growth. i'm going to start with you, stephen. my good friend, the fiscal cliff is the immediate threat both parties need to come together to fix it because not fixing it would set even conservative fiscal causes back, don't you agree? >> yeah. i think most republicans agree. they don't want to go off this fiscal cliff either, ali. i think the one hang-up in negotiations which will start on tuesday is the president says, look, i was re-electe
on the economy could be catastrophic. president obama delivers a big economic speech in about eight hours, and he wants tax cuts for the wealthy to extire. house speaker john boehner drawing this line in the sand. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it can pass the senate. >> white house correspondent brianna keilar is live from washington, d.c. for us this morning. brianna, speaker boehner seemed to be offering the president on olive branch earlier this week when he talked about the possibility of increasing revenue. but here he's taking a hard stance against tax increases. what does that say about the chances of a compromise? >> well, it may actually sound kind of like it's splitting hairs. but it's really two different things where he's talking about increasing tax rates. he says he's not okay with that. but he would be maybe okay, maybe amenable to increasing revenue. to bringing in more tax dollars, because there is a difference. and what he's saying is part of a chorus of conciliatory language that we're hearing from democrats an
expects any quick fix for the economy. >> it's big, and it's going to take some time, and a lot of work. and it would be nice to get at it. . >> reporter: but they are more than ready to start building up again, just as soon as the other washington settles down, and gets back to work. tom foreman, cnn, washington, virginia. >> it's a beautiful town. i'm carol costello. thank you so much for joining me today. cnn "newsroom" continues right now with ashleigh banfield. >> thank you, carol. so nice to see you. and nice to see you, everyone. i'm ashleigh banfield. it's 11:00 on the east coast, 8:00 a.m. on the west coast. and leave it to congress to engineer what they call a solution that sets up an even bigger crisis. the so-called fiscal cliff that's now only 52 days away was supposed to be just a threat. an incentive for lawmakers to get their gear on and make some tough choices a year ago. well, now those choices are going to fall to a newly re-elected president, and a lame duck congress. and the prospects? well, the president plans to talk about those prospects in his first public post
afternoon, talk about the economy, fiscal cliff. it doesn't look like he will take questions, not a full scale. post election news conference, though. it may be coming soon. >> bret: we'll cover it live on fox. thanks. what is the most pressing issue right now for president? let me know on twitter. follow me. @bretbaier. we kept you well fed with steady diet of polls in the campaign. which ones were right? this which ones were complete junk food? answer is later in the grapevine. up next, trying to wean the economy off massive debt and deficits. [ male announcer ] what are happy kids made of? bikes and balloons, and noodles on spoons. a kite, a breeze, a dunk of grilled cheese. catches and throws, and spaghettio's. a wand, some wings, soup with good things. sidewalks and doodles and wholesome noodles. puddles and pails and yes, puppy dog tails. for a lunch like this, there's a hug and a kiss. because that's what happy kids are made of. campbell's. it's amazing what soup can do. >> bret: one of the most pressing issue for president obama and the lame duck congress is the crushing debt and
smoking pot. what we need to get this country, the economy bubbling is more kids smoking pot. really great idea. that's fantastic. >> sean: is america shifting? we have always said it's a center-right country. tonight, i will be honest, i am not so sure. when i saw the exit polls which i didn't believe, i was very skeptical. in the end, the polls ended up being more right than any of us thought. it shows certain issues where i am thinking, if this is true, i felt liberals were answering this. has the country moved to the left? or 51%? >> it's going to be tough to get out of this, but, no, i don't think permanently. by the way, in 2004, it was the same thing with an incumbent, kerry got nearly 10 million more votes than gore. you had the whole media on kerry's side and he still couldn't beat bush and republicans were wiped out in the congressional election. i gather america was not thrilled with the republicans in the middle of the last decade. yet, incumbency triumphed. you didn't see democrats turning around and saying, now, i am going to be patriotic and support the wars that helped amer
code, we can give our country a stronger, healthier economy. >> i went to badbed, thinking all of this discussion about this election being the election that will tell us whether or not we have lost the country. i went to bed last night thinking we have lost the country. >> congress is the major shackle, the dysfunction in congress. we see other signs of lift. we have to have a congress that works together. between now and the year's end, that's our opportunity to take the first big step. >> the american people recognize that our economy -- getting it moving, is the only way we will be able to balance the federal budget. the question we should be asking, is not which taxes should i raise to get more revenue? but which reforms can we agree on that will get our economy moving again? >> obama is hell bent on remaking this country. we are in the middle of t. we are four years into a transformation of this government becoming statist. liberty versus tyranny. we are four years into tyranny winning. guess what! no matter what happens now, it's bush's fault! obama's getting a mulligan.
's at stake for the economy as well as your personal finances. zimplt president obama confronting a looming financial. they have 53 days to come up with a solution to avoid going over the so-called fiscal cliff. what are we talking about? it's a combination of automatic spending cuts to the tune of $1.2 trillion over the next. our chief white house correspondent jessica yellin will talk about this, and you bring up a very good point now. during the second term campaign, but she's been pretty clear, right, on his stance regarding the fiscal cliff and his obama line. tell us what it is. >> that's right, suzanne. he has laid out that his negotiating terms include the following. he is willing to compromise and raise some revenue by altering some parts of medicare and medicaid on entitlement reforms. he is also insistent that some revenue be raised by changing the tax rates. you know, those bush tax cuts expire at the end of this year, and he has said that the wealthiest americans must pay more. we've heard it on the campaign trail over and over. one thing he has hit is that those who make $250,
the economy. the campaign unfolded slowly as most persons did not know romney. and with all the high tech gizmos these days, it's difficult to get the attention of the folks. so i knew very early that the polling was insignificant and the debates would be the real test. as i said, these polls are interesting but they are not vital because of the debates, the three debates i think really going to the tale. >> i told you earlier this year when you said debates are going to be all important. i said the history shows they are not. >> bill: i'm so happy that you brought that up. can i just -- can i paraphrase barack obama? in the last debate? can i do that? >> of course. >> bill: can you say that a bit louder, brit? that's why i like hume, is he an honest man. as we all know the first debate was a major victory for governor romney. instantly made him competitive. but he did not exactly seize the day. his campaign played it conservative managing romney's appearances tightly scripting his media response. then in the third debate, the governor made a big mistake: now, the key question is, why did
, positioning themselves to blame the other if things fall apart. sam say it would drive the economy back into a recession. the halls of the capitol, eerily quiet as congress commemorates veterans day. but this stillness will soon be replaced by frenzy to avoid the fiscal cliff. public posturing, however, is well under way. we can't accept an unfair deal that piles all of this on the middle class and tells them they have to support it. >> you do have to have revenues on the table. but that does not mean raising taxes. >> reporter: but there are new cracks in that gop pledge, conservative commentator bill crystal. >> it won't kill the country if we raise taxes a little bit on millionaires. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below $250,000. >> reporter: he doesn't get a vote. gop senator bob corker does. >> we know there has to be revenues. look, i haven't met a wealthy republican or democrat in tennessee that's not willing to contribute more, as long as they know we've solved the problems. >> reporter: still, even if republicans agree t
on revenue. but we are also not about to further weaken the economy by raising tax rates and hurting jobs. bill: in 30 minutes, what would steve forbes do? martha: that's a question i always ask myself. in this situation, what would steve forbes do? pill * these are big, big issues and negotiations will go late into the night. we'll get steve's take coming up on that. martha: an investigation is underway after a small plane carrying three pilots crashed into a neighborhood. what witnesses heard and saw there. bill: there were serious questions about eric holder and the petraeus affair. why didn't he tell the white house any sooner? >> lawmakers want to know in terms of when petraeus found out. he was under investigation. has it had any impact on the comments he made to senators about benghazi and what he knew? we just learned general petraeus says he does want to testify about benghazi. more in a moment. >> you can't get to the bottom of benghazi without him testifying. i want to hear from him what he knew before, during and after the attack. there is nyoo substitute for his testimony in
go up for everyone. it could have a potentially disastrous impact on the economy. congress is off but they do come back tomorrow and on friday congressional leaders are expected at the white house. oh, to be a fly on the wall on that one. dana bash is going to be with them. i'm kidding. she is not. it's going to be very closed door. but don't you wish you could be in that meeting and do you think that anything will actually happen? >> oh, of course. because, look, publicly since the election there's been a more conciliatory tone on both sides of the aisle. it's been a basic post election posturing after what really generally is a status quo election. look, it is very cliche, ashleigh, the devil is in the details. democrats say they want to let tax cuts for those making $250,000 or more expire and the president campaigned on that two elections in a row. this time he says he means it. that would mean rates would go up. for the most part, republicans are saying that they may be okay with raising revenue, raising some taxes, but not those tax rates. i want you to listen to republican
that is almost certain. fuel economy is a major deciding factor for 97 percent of customers. that's according to study by ford. well now with new federal regulations and rising gas prices abc 7 news reporter jonathan bloom has look tonight at the changing face of american automobiles. >> i'm about to test drive the the energy. the first ford you can fill up and also plug in. plug in hybrid is a great in between in terms of both hybrid and full electric vehicle because you really have the capability to do both but you don't have the range limitatio limitation. >>reporter: with 20 mile range on battery or over 600 with the gas tank the car decides which were to use. >> rate now i can flooring the pedal to use gas. did you notice the difference. >> gas kick in. >> or push button to go all electric. 30,000 dollars claims the car pays for itself by getting the electric equivalent of 100 miles per gallon. >> first to brick the million stone. centennial mail stone. of. >>reporter: electric cars nothing new for ford. in 1914 henry ford and firestone posed with edison trying to bring the first
of not reaching a deal would be devastating to the u.s. economy but they don't have a lot of time here. >> no, they don't. the president spoke on this today, not mentioning what was going on behind the scenes with the cia. consider the timeline here. there are only 53 days now left for congress to get to work and get this deal done in order to raise the debt ceiling this year congress put this countdown clock in effect and it has now unt january 1 to get it done. if nothing gets done, your payroll taxes could go up. the bush era income tax cuts would end and 449,000 defense industry jobs across virginia, maryland and d.c. could face layoffs if these automatic pentagon cuts are allowed to go forward. at the white house this afternoon the president spoke in front of what the administration called average americans. those special era tax cuts would expire. add to that deep spending cuts that will kick in. all of this has economists warning tonight of a double dip recession and possible rise of the unemployment rate up to 9.1%. >> the american people are looking for cooperation. they are looking
they could cripple the economy and trigger another recession. just a few hours from now, president obama underscores the urgency at the white house. his remarks could set the tone for upcoming negotiations with republican lawmakers. christine romans shows us how your money is in play. is your paycheck about to shrink? brianna keilar, three days after a bitter election, is either party really ready to budge? christine, nearly every american has money riding on this outcome, right? >> absolutely. the overall american economy does, too. let's talk about what the fiscal cliff is. starting in the beginning of the year because of a deal the congress did last year to raise the debt ceilings, all these things will go into play at the same time, big spending cuts, bush tax cuts expire, minimum tax cut goes away, payroll tax holiday goes away, unemployment benefits extension. whole bunch of things. middle income households making, say, $50,000 a year would see their tax bill rise $2,000. $2,000 for the year. immediately your paycheck, you would notice a change there o r overall, certainly in what
do. tomato so♪p from campbell's. (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. soothes you to sleep with ingredients like melatonin. it's safe with no side effects, so you wake up... ready to go. [ male announcer ] unisom natural nights. >>> mitt romney's loss on tuesday stunned the republican party, especially its white, conservative base. now, critical swing states, ohio, virginia, possibly florida were expected to put romney over the top. well, they didn't. my guest this morning calls romney's defeat the gopocalypse. good to have you with us. >> thank you. >> you describe tuesday night's loss as gop-ocalypse and you watched this from qatar. >> it was amazing how invested the rest of the world really is and how our election really works. everyone was informed. when the final results came through and i'm standing in a room with qataris and standing in a room with people new zealands and kind of like a slow clap. thank god. there was a level of relief almost. it wasn't so much enthusiasm about obama, as much a
. and voters chose to continue to move forward with president obama. and his plan to rebuild the economy from the middle class out shs that's not just a talking point. that's a concept that americans embraced. >> you don't have a mandate unless you believe you have a mandate. if you negotiate like you have a mandate. are you confident or are democrats confident the president is going to draw the hard line when he has to. >> the president will not give back. and they have gone so far to say -- it doesn't get more clear than that. >> you mentioned bill crystal. when he steps up and says what he says, isn't giving boehner some cover to make the deal that there are some conservative media people out there with some influence that will give him some backup? it seems like solid messaging. >> my little kids use. >> has he lost his influence or just as strong. will he play into this? >> i don't think he's lost the influence that he should have. and he is a key to that super pac money. the super pac money is the big problem here that looms large over the reelections of many of these tea party republic
can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. >> this isn't something that i'm going to draw the lines in the sand, he's not going to draw any lines in the sand, i don't believe, and i think we need to work together. >> the president will also have to contend with a major staff shake up. secretary of state hillary clinton and treasury secretary tim geithner have both said they're ready to move on, and there are also indications that mary schapiro will follow suit as well. dan lothian is following all these developments. good morning, dan. >> reporter: good morning. that's the game, i guess, that's played every time you have transition, every four years or so, inside washington. you start talking about what names will be replacing those who will be leaving. nothing official from the white house on this kind of movement, but one of the names that's been thrown around, senator john kerry, who helped the president prepare for the debates, has been talked about possibly going to state. there are other name
. >> clearly the deficit is a drag on our economy. and we can't continue to spend money that we don't have. i don't want to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president. this is his opportunity to lead. >> any word from the speaker, every word from the president being analyzed for hidden meanings. here's a quick snapshot. >> when he is not willing to negotiate on is raising taxes on the wealthiest americans. and that is where the battle lines will be drawn. >> the president's language is important. his words, i'm not wedded to every detail. i'm open to compromise. open to new ideas. but we are not going to do something that doesn't deal with the tax cuts. >> i think the tone of this is pretty good especially from the speaker this morning when he said, you know, i'm not going to box myself in. and i don't want to box the president in. >> let's get straight to our own kate bolduan, she's here with an excellent, excellent panel. >> excellent, excellent. i like the double excellent panel of unsolicited advice today. m
with governor romney. let me play it. >> if mitt romney cannot win in this economy, then the tips point habben reached. we have more takers than makers and it's over. >> i'm sorry, this is going to sound cruel, but some of the times i didn't like he was connecting with the material. i think you have to connect with the material. maybe it's people who have actually been in the trenches for decades, not just someone that was a success in business. >> in the trenches like a community organizer and not just a business guy? i mean, what is -- we in some kind of topsy-turvy world now suddenly his business background was nothing? >> there's a lot of rationalizing going on on the republican side because the win was much bigger than -- if they thought that obama was going to beat romney, that he would eek it out and they did not expect 303 and possible 332 electoral vote fs obama picks up florida. not one swing state went for romney. there's a lot of reflection taking place. many republicans i spoke to yet are out of their denial. they know that their coalition is white, that the white vote is decreasi
to the be leaders of the free world. he ran to be in charge of the economy. the fact of the matter at the end of the day it will be his fingerprints and negotiations have to stop panicking and stop negotiations in public and stop surrendering the principles if boehner felt there should be revenue increases wait to talk to the president do not go on abc news, or abc news and talking about how obamacare is wrong and we are prepared to do revenue increases. that wasn't the decision of the election. harry reid is out this talking about 19 trillion or $20 trillion in debt. we get beyond january 1, we signed off on $2.5 trillion more in debt. we signed off on trashing businesses. tracking the so-called rich. anyone who earned $250,000 and more will have a hugely negative effect on our economy. what have we achieved? >>neil: if part of the revenue issue isn't raising the rates, but is closing loopholes, and credits and special allowances. >>guest: like mortgage interest deduction? >>neil: hear me out. is it leaving mortgage and charitable deductions aside, you are right, the devil is in the details
good economy in the clinton years. the rising tide lifts all boats, including small businesses that might be hit by the clinton era taxes, instead of the current taxes, so -- there's a more basic issue here, piers. the rich do not generate jobs, they are not job creators. the job creators in america are the vast middle class whose spending generate jobs because businesses that have more business will generate more jobs. businesses with more customers will expand and hire people. if the middle class doesn't have the money, either because their taxes go up or because they simply are on a downward trajectory in an economy that is not -- really has not been good to the middle class since george w. bush was president, then we are in trouble in terms of the kind of job growth we need. >> final question to you. the average americans go, of course they should pay a bit more tax. what the hell is the matter of them? the country is in trouble, they are the richest, share a bit of the load. >> when you raise taxes, you discourage things, discourage investment, job creation. we have a litt
on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at ♪ >>> with each hour, we learn new details about the shocking affair that forced david petraeus to resign as cia director. he was on the ground the same time as the former ambassador was ambassador of iraq, and the ambassador joins me now. nice to see you, ambassador. >> nice to be with you. >> are you shocked by these revelations today? >> of course, i am. it's a sad day particularly for mrs. petraeus and for their children and for the men and women in the military and now the cia, whom he's let down. >> he's been one of america's greatest military heroes in the last few decades, no question about that. it's an extraordinary ending of one of the great careers. you know him be
economy. >> the president also making clear that he has susan rice's back. that's his ambassador, the embattled u.s. ambassador to the united nations. initially she said that that september 11th attack on the u.s. consulate in benghazi began as a spontaneous protest against an anti-islam film. well, now two top-ranking republicans are vowing to block her nomination if, in fact, she is picked to be the next secretary of state. that had the president very anger. here's what he said. >> if senator mccain and senator graham and others want to go after somebody, they should go after me. >> white house correspondent dan lothian is in washington, d.c., this morning. let's start first, dan, before we get to the ambassador, the embattled ambassador, let's start with taxes. >> well, yes. you know, republicans pushing back on the president yesterday, because they don't want to see taxes raised, even on wealthy americans, because they believe that that will stifle economic growth and will hit those people who are the job creators. at the same time, there does appear to be this willingness to
the jobs market. that hurts the economy. brooke. >> alison kosik, thank you very much. and thank you very much for being with me here. i'm brooke baldwin at the world headquarters of cnn in atlanta. let's go to my friend wolf blitzer, "the situation room" starts right now. hey, wolf. >> hi, brooke. thanks very much. happening now, president obama gets down to business. he's signaling what his priorities are for term two. also, a dramatic courtroom confrontation of the former congresswoman gabrielle gifford stares down the man who tried to kill her. now that the voters have had their say, colorado's marijuana growers and would-be legal dealers face a showdown with the federal government. i'm wolf blitzer. you're in "the situation room." >>> today we're getting our first inside hints about what's on the president's to-do list now that the election is over. the list includes huge issues like taxes, the deficit, headline making overseas trip and a possible shakeup of his cabinet. let's get right to our chief white house correspondent jessica yellin. she's been doing some reporting. jessica, w
Search Results 0 to 49 of about 101 (some duplicates have been removed)